Am I the only one that thinks it's irresponsible for a state to pay off bonds issued when interest rates were extremely low?

Could invest the $ at higher ror than the bonds pay and pay it off later . I dunno what the rates are on these bonds but would you pay off a 2.5 % home mortgage right now for example? I'd probably invest the $ in 5+ % CD's , pocket the interest and pay it off next yr if rates come down or repeat if they go up.

Are you saying they don't have the option to invest the surplus vs buy back the bonds? I don't see why they'd be obligated to buy back the bonds if they aren't at full term? Especially if they are running a surplus and I think they are.



Seems like their obligation is just to pay the bond holders their interest and of course pay for whatever the bonds were supposed to fund

And/or payoff higher cost debt if they have any. This is state budget surplus $ … seems like they'd have some degree of discretionary authority. Perhaps this is their highest cost debt… I dunno… I hadn't thought about that and in that case it makes sense.

Old May Banker said:

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Just another mark in the win column for a true conservative.

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Too bad he can't take the lead in a primary poll.

C@LAg said:

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lb3 said:

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Am I the only one that that it's irresponsible for a state to pay off bonds issued when interest rates were extremely low?

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so you prefer for them to borrow more money down the line at higher rates to pay it off?

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No. I want them to pay off today's debt with tomorrow's inflated dollars.

Aggies2009 said:

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Old May Banker said:

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Just another mark in the win column for a true conservative.

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Too bad he can't take the lead in a primary poll.

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Based on the intelligence of the average voter, I'm not sure that's as much insult as you think.

TexasAggie73 said:

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Old May Banker said:

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Like when consumers are forced to sue their insurer after a natural disaster to get their money?

I'm trying to figure out why you'd think that was the governor's fault.

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I'm just saying that living in Florida is not all great even if they are able to pay down the state debt. Ask the people which is more important to them state debt or reasonable car and homeowners insurance.

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Well, I guess DeSantis could see if he can get his legislature to approve some legislation to move Florida from out of the way of hurricanes, but I don't know if that's really feasible...

TexasAggie73 said:

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Old May Banker said:

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So your advocating for government ran insurance? Like Obamacare?

You understand the insurance premiums there are a result of losses incurred by natural disasters (hurricanes)?

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How is flood insurance managed?

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FEMA…(the F stands for Federal, FYSA)…

Are you alleging that the Feds are overcharging the citizens of Florida? That would be HORRIBLE and WRONG.